Pacific Sun Financial Corp bought a new position in Union Pacific Co. (NYSE:UNP) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,460 shares of the railroad operator’s stock, valued at approximately $247,000.
Several other hedge funds also recently bought and sold shares of the company. Krane Funds Advisors LLC bought a new position in Union Pacific in the 2nd quarter valued at approximately $25,000. Squar Milner Financial Services LLC increased its position in Union Pacific by 368.6% during the 1st quarter. Squar Milner Financial Services LLC now owns 164 shares of the railroad operator’s stock valued at $27,000 after purchasing an additional 129 shares during the period. Mackey Komara & Dankovich LLC acquired a new stake in Union Pacific during the 1st quarter valued at approximately $29,000. Joseph P. Lucia & Associates LLC acquired a new stake in Union Pacific during the 1st quarter valued at approximately $30,000. Finally, Virtus ETF Advisers LLC acquired a new stake in Union Pacific during the 2nd quarter valued at approximately $32,000. 77.77% of the stock is owned by hedge funds and other institutional investors.
In related news, EVP Robert M. Knight, Jr. sold 8,620 shares of Union Pacific stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $180.04, for a total value of $1,551,944.80. Following the completion of the sale, the executive vice president now owns 94,943 shares of the company’s stock, valued at approximately $17,093,537.72. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 9.96% of the company’s stock.
Union Pacific (NYSE:UNP) last announced its quarterly earnings data on Thursday, July 18th. The railroad operator reported $2.22 EPS for the quarter, topping the consensus estimate of $2.12 by $0.10. Union Pacific had a net margin of 26.95% and a return on equity of 31.74%. The company had revenue of $5.60 billion during the quarter, compared to the consensus estimate of $5.62 billion. During the same quarter last year, the firm posted $1.98 EPS. The company’s quarterly revenue was down 1.3% on a year-over-year basis. As a group, sell-side analysts expect that Union Pacific Co. will post 8.93 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, August 30th will be given a $0.97 dividend. The ex-dividend date of this dividend is Thursday, August 29th. This represents a $3.88 annualized dividend and a yield of 2.32%. This is an increase from Union Pacific’s previous quarterly dividend of $0.88. Union Pacific’s dividend payout ratio (DPR) is presently 49.05%.
A number of research firms have weighed in on UNP. Atlantic Securities raised shares of Union Pacific from a “neutral” rating to an “overweight” rating and increased their target price for the company from $175.00 to $195.00 in a research report on Friday, July 26th. Sanford C. Bernstein set a $177.00 target price on shares of Union Pacific and gave the company a “hold” rating in a research report on Friday, July 19th. Cowen reissued a “buy” rating and set a $184.00 target price on shares of Union Pacific in a research report on Thursday, July 18th. ValuEngine downgraded shares of Union Pacific from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Finally, UBS Group decreased their target price on shares of Union Pacific from $201.00 to $193.00 and set a “buy” rating for the company in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and fourteen have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $183.24.
Union Pacific Company Profile
Union Pacific Corporation, through its subsidiary, Union Pacific Railroad Company, engages in the railroad business in the United States. It offers transportation services for agricultural products, including grains, commodities produced from grains, fertilizers, and food and beverage products; coal and sand, as well as petroleum, liquid petroleum gases, and renewables; and construction products, industrial chemicals, plastics, forest products, specialized products, metals and ores, and soda ash, as well as intermodal and finished vehicles.
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